1.

The following information was available for the year ended December 31, 2013:

Net sales	$	821,250		Average accounts receivable for the year	$	39,100
Cost of goods sold		602,250		Accounts receivable at year-end		30,400
Average inventories for the year		166,000
Inventories at year-end		157,575

Required:
a.	Calculate the inventory turnover for 2013.(Round your answer to 2 decimal places.)
	Inventory turnover? ________ times

b.	Calculate the number of days' sales in inventory for 2013, using year-end inventories.(Use 365 days a year. Round your answer to 1decimal place.)
	Sales in inventory? ________ days

c.	Calculate the accounts receivable turnover for 2013.(Round your answer to 1 decimal place.)
	Accounts receivable turnover? ________ times

d.	Calculate the number of days' sales in accounts receivable for 2013, using year-end accounts receivable.(Use 365 days a year. Round your answer to 1decimal place.)
	Accounts receivable? ________ days